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Village Farms Income Fund Announces January Monthly Distribution

TRADING SYMBOL: The Toronto Stock Exchange:
Village Farms Income Fund - VFF.UN
VANCOUVER, Jan. 21 /CNW/ - Village Farms Income Fund (the "Fund") (TSX:
VFF.UN) today declared a cash distribution of $0.01 per unit for the month
ending January 2009. The distribution will be paid on February 27, 2009 to
unitholders of record at the close of business on January 30, 2009.
Unitholders who are non-residents of Canada may be subject to withholding
taxes in respect of any distributions by the Fund.
About Village Farms
Village Farms is the largest producer, marketer and distributor of
premium-quality, greenhouse grown tomatoes, bell peppers and cucumbers in
North America. This premium product as well as product produced under
exclusive arrangements with other greenhouse producers is grown in
sophisticated, highly intensive agricultural greenhouse facilities located in
British Columbia, Texas and Pennsylvania and is marketed and distributed under
its Village Farms(R) brand name, primarily to retail supermarkets and
dedicated fresh food distribution companies. Village Farms markets and
distributes throughout the United States, Canada, Mexico and Japan, and
currently operates seven distribution centres located across the United States
and Canada. Since its inception, Village Farms has been guided by a
sustainable agriculture policy which integrates three main goals -
environmental health, economic profitability and social and economic equality.
Restriction on Non-Resident Ownership
The Declaration of Trust of the Fund contains provisions which prohibit
non-residents of Canada from owning more than 49.9% of the Units of the Fund
on a fully-diluted basis and give the Trustees of the Fund certain powers,
including the power to require non-residents to sell their Units if this
limitation is exceeded and the right to refuse to register transfers of units
to non-residents if such a situation is imminent. The Fund estimates that in
excess of 40% of its Units, on a fully-diluted basis, are held by
non-residents. Should non-residents acquire additional Units of the Fund, it
may be necessary for the Trustees to exercise their powers to require
non-resident Unitholders to sell their Units and/or to refuse Unit transfers
to non-residents. Accordingly, non-residents may determine that it is not
appropriate to acquire directly or indirectly Units of the Fund.
Forward-Looking Statements
This news release includes statements about expected future events and/or
financial results that are forward-looking in nature and subject to risks and
uncertainties. The Fund cautions that actual performance will be affected by a
number of factors, many of which are beyond its control. Future events and
results may vary substantially from what the Fund currently foresees.
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